You can’t turn on your TV without seeing the the tiny green gecko that tells us that we should get competitive quotes for insurance in order to shrink our premium. This is a tried and true method of lowering our premiums, but there are other strategies that can be equally crucial.

How To Shrink Your Auto Insurance Premium

One way to get a better price from an insurance company is to be or at least look like, a safer bet. Your chance of costing them money impacts your chances of getting a good price.

A person with no violations in the last 5 years will get a smaller rate than someone who has been arrested for driving while intoxicated. An individual who has been accident free will get a smaller price than someone who has had a recent at fault accident.

Passing an approved driving course can help teenage drivers get a smaller premium. These courses are available in many high schools as well as from private firms.

Reducing the physical damage coverage you have on your autos can also help lower your price. This means that you take more risk if your car is stolen, but does not affect what your carrier pays the other party if you are at fault in an accident.

How To Lower Your Disability Insurance Premiums

Price shopping is a good idea when you are looking to add to your coverage or buy a disability contract for the first time. This is typically not the case if you have had your contract for a while.

Comparison shopping is typically not in your best interest if you have had your policy for more than a couple of years. This is because the price for a disability contract is generally based on the age you were when you purchased the coverage.

One strategy to use when looking to cut your rate on an insurance contract is to take more risk for the little stuff while making sure that the insurance carrier pays the bills for the big stuff. With a disability coverage you can do this by increasing the elimination period and extending the period the coverage will pay you after you have satisfied the elimination period.

The elimination period is the period of time you have to be disabled before the carrier will pay you. If you are disabled for one month and then recover, the insurance contract will pay nothing if your elimination period is longer than one month.

How To Shrink Your Medical Insurance Prices

Do what you can to avoid major illnesses. Your health history affects how much you will pay for medical insurance policies.

This means that things like drive more slowly, looking both ways before crossing can not only save your life, but can also cut your insurance premiums. Keeping a healthy body weight can also help.

You can also lower your rates for medical insurance by raising your deductible and shopping for a better rate every couple of years.

How To Shrink Your Homeowners Insurance Rates

Location affects your homeowners insurance price. If you are looking to buy a new home, be sure to get an idea of what your house and auto insurance premium will be when you move. There can be big differences between homes that are otherwise the same but are located in different zip codes.

Price shopping for a better price can also be a good idea. Homeowners policies are standardized. This means that for the most part you will be comparing apples to apples when you shop around.

How To Cut Your Life Insurance Prices

Life insurance rates are based on age, gender and health status. There isn’t much we can do about the first two, but sometimes we can make positive changes to our medical.

If your health has improved since you applied for your policy, you may be able to get a better premium. If you have stopped smoking you may get a better premium.

You can get a better price on your insurance policies by being perceived as less of a risk to the insurance company, taking on more of the risk yourself or simply getting a better premium from one of your carrier’s competitors. Getting the lowest price requires more than just shopping around. Doing the work however can be worthwhile.

Author Bio: To save money on car insurance you can click or call 866-945-2930. Low car and home owners insurance rates are available from competing carriers on the author Alston J. Balkcom’s website.

Category: Finances
Keywords: insurance,car insurance,health insurance,life insurance